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New York State Mandated Short Term Disability Insurance
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The New York Disability Benefits Law requires all employees working in New York
(except for government employees and certain tax-exempt organizations) to participate in a state approved short term disability income replacement plan. |
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New York employers may satisfy this state mandate to make short term disability
insurance coverage available to their employees in one of two ways:
1. Use an insurance company to provide the disability insurance coverage to their
employees
2. Establish a "Private", self-insured disability benefits law plan
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If an employer chooses to have their employees participate in an insured plan, the insured
plan must offer at least the minimum benefits dictated by the New York Disability Benefits Law. Employees must pay the required contributions to the plan |
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(unless the employer assumes that obligation) and also pay
any additional insurance premium that may be required by the insurance company to pay for incurred claims expenses or insurance company administration costs. |
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The IRS has ruled the employer contributions to the state
plan or to a private (self-insured) plan are deductible by the employer and considered taxable income to the employee. Employee contributions to the State Fund are deductible as state taxes, while contributions to a private plan are treated as non-deductible personal expenses. |
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NY Disability Benefits Law Plan Costs
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The employee contribution rate is 0.5% of the first
$120.00 of weekly wage up to a maximum of $.60 per week or $31.20 per year. The employer contributes the remainder of plan costs, if any cost remain. |
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NY Disability Benefits Law Plan Benefits
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Benefits are paid weekly to the employee and are equal to
50% of the average weekly wage of the employee over the last 4 weeks prior to the disability. However, the maximum weekly benefit is $170. Benefits become payable on the 8th consecutive day of disability and continue for up to 26 weeks. The maximum benefit of 26 weeks is either per disability or during any consecutive period of 52 weeks. Benefits are partially taxable and depend on the ratio of employer / employee contributions. |
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Self-Insured Private Disability Benefits Law Plan
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1. The employer plan must offer benefits at least equal to the state mandated
disability benefits law.
2.The employer can charge the employees the same or less than the state
mandated disability benefits law mandated contribution level. Employees can not be charged more unless there have been improvements in coverage.
3. The employer must agree to cover the balance of the state mandated
disability benefits law level of plan costs that are in excess of employee contributions.
4. The employer must agree to provide a guarantee bond, if required by the
state.
5. The employer must agree to pay all obligations, including benefits, fines,
expenses, and assessments imposed pursuant to the state mandated disability benefits law. |
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Click on the link below to fill out a quote request form for an employee benefit
disability insurance plan that regardless of whether you're a large employer or a small business, will provide excellent disability insurance coverage at an affordable cost for your New York businesses most important assets, your employees. Or speak with our Employee Benefit Insurance Agent specialist toll free at 1-800-498-1819 to discuss the features. |
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We offer affordable group employee short term disability insurance plan services to
businesses in the following New York counties and cities: Westchester County, Putnam County, Orange County, Rockland County, Port Chester, Harrison, Mamaroneck, Larchmont, New Rochelle, Yonkers, White Plains, Rye Brook, Scarsdale, Rye, Ardsley, Hartsdale, Bronxville, Mt. Vernon, Mount Vernon, Irvington, Valhalla, Elmsford, Dobbs Ferry, Hastings on Hudson, Greenburgh, Tarrytown, Sleepy Hollow, Hawthorne, Scarborough, Thornwood, Briarcliff Manor, Ossining, Harmon, Montrose, Crugers, Buchanan, Peekskill, Millwood, Pleasantville, Armonk, Chappaqua, North Castle, Mt. Kisco, Bedford, Pound Ridge, Bedford Hills, Cross River, South Salem, Yorktown Heights, Goldens Bridge, Amawalk, Yorktown, Katonah, Salem Center, Somers, North Salem, Croton Falls, Jefferson Valley, Shrub Oak, Palisades, Sparkill, Tappan, Orangeburg, Pearl River, West Nyack, New City, Nanuet, Chestnut Ridge, Montebello, Suffern, Monsey, Spring Valley, Congers, Nyack, Rockland Lake, Wesley Hills, New Hempstead, Pomona, Sloatsburg, Ramapo, Hilburn, Willow Grove, Mt. Ivy, Thiells, Tomkins Cove, Ladentown, Haverstraw, Stony Point, Tomkins Cove, West Haverstraw, Bear Mountain, Jones Point, Newburgh, Middletown, and Poughkeepsie, NY. |
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Copyright 2004-2008 Direct Access Group Benefits, Inc. - All rights reserved
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Request a Quote Here!
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Answer a few questions and
we will provide you with a no
obligation to buy quote by
phone or email. Choose the
NY, CT, or NJ personal or
group insurance coverage
you're interested in from one
of the menus above.
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"Your Local New York Group Employee Disability Insurance Specialist!"
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Employee Benefits
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Personal Insurance
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"Over 15 Years
of Professional
Insurance Service"
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Direct Access
Group Benefits, Inc.
340 Route 202
Somers, New York 10589
Toll Free: 1-800-498-1819
(914) 276-6000
Fax: (914) 276-6002
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"Your Westchester County
Small Business Employee
Health Insurance Agent"
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In NY, NJ, or CT call 1-800-498-1819
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We also offer affordable group employee short term disability insurance plan services to
businesses in the following Connecticut counties and cities: Fairfield County, Stamford, Norwalk, Greenwich, Darien, Riverside, Belltown, Springdale, Round Hill, Old Greenwich, East Norwalk, New Canaan, Glenville, Byram, Cos Cob, Mianus, North Stamford, Glenbrook, Wilton, Weston, Long Ridge, Noroton, West Norwalk, Westport, High Ridge, Southport, North Wilton, Winnipauk, Cannondale, Turn of River, South Wilton, Lyons Plains, Georgetown, Ridgefield, Branchville, Redding, Topstone, Ridgebury, Redding Ridge, Branchville, Dodgingtown, West Redding, Titicus, Hattertown, Bethel, Danbury, New Fairfield, Newtown, Hawleyville, Botsford, Monroe, Bridgeport, Stepney, Shelton, Huntington, Upper Stepney, Long Hill, Trumbull, Stratford, Easton, Fairfield, Greenfield Hill, Stratfield, Nichols, Oronoque, Rivercliff, Devon, Lordship, and East Bridgeport, and New Haven, CT. |
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Group Short Term
Disability Insurance |
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Group Long Term
Disability Insurance |
